Recent Buy: Royal Caribbean

There comes a point in the history of a portfolio where it has to move past the safer bets and move on to picks that are outside of the normal channel or realm. We move to a point where bets are on and the market and humanity will guide our next move forward. That being the case, I’ve differed to the judgment of my grandparents.

I know this isn’t always the immediate gut reaction when it comes to investing but sometimes it’s a great move when you’re stuck on what to dip your portfolio into next. I have been feeling a bit jaded lately and that has spilled over into having very little to write about. This has also made it tough to think of companies to evaluate. That’s why I moved to the preference of a generation that is removed from my own to see from a different angle what I may not be seeing.

One could argue that I should have seen their answer coming but it was an immediate gut response from them that I should look at cruise lines. In the past I have hurried past these stocks as they seemed all to cyclical and as we are in an upswing, overpriced. Regardless, I paid them a look – Carnival, Royal, and Norwegian. All three stocks actually showed way more promise than I had initially thought. One clear winner however emerged from the pack. That winner was Royal Caribbean. Let me share why.

Triple Worth YTD

Hello everyone! What a beautiful day it is to have a birthday! While I'm busy waking up and getting ready for work, I can't help but reflect that as of a few days ago when I put the next stack of cash into my investing account, I have now officially tripled the amount of money that is in the portfolio since the start of the year (or basically tripled, not exactly!).

It feels great to hit milestones. Whether it be a birthday where you celebrate that many years of life lived and experienced or it be a milestone number for your portfolio, it's important to reflect and let it sink in. Only a year ago I would have thought it a near impossible task to put away as much as I've put away in the portfolio so far. Even though it is a small amount compared to a lot of other portfolios that I follow from other bloggers, it's impressive to me because I was able to put away that much and still live life to the fullest.

To date, the wife and I have achieved the level of saving that we have been able to reach by simply making good decisions on a daily basis. Whether that mean cutting down on Mountain Dew Kick Starts or ceasing the habit of eating out nearly every night, small decisions have led to big changes in our portfolio. Rome wasn't built in a day and neither was a legacy portfolio.

Moving forward I plan to make the same and better choices to further the savings rate in our household. By doing so, the portfolio should generate even more steam moving forward. Whether a market drop hits or a stock choice turns out to be a terrible one, it should go through its own stages of life as we all do. We can only hope that the great majority of picks end up bringing about positive change.

I hope all of you are having a good day and that all is well with you and your families. Take care everyone!

Diversification

Hello readers,

Today I want to talk about diversification in your portfolio. I bring this up because I have noticed that I myself have been guilty of not diversifying enough. This is why it's always important to keep a watch however on what you're buying.